November 25, 2013
Autovias, the road operator unit of Brazil's Arteris, is preparing to raise
Autovias, the road operator unit of Brazil's Arteris, is preparing to raise BRL300m ($131m) in Brazil’s domestic bond market, according to regulatory documents. The target is a 2017 debenture that begins amortizing in 2015 and pays the DI plus up to 0.95%. Autovias is raising funds for working capital and making infrastructure investments. BTG Pactual, Itau and HSBC are managing the rule 476 deal, rated AA/AA+ on a national scale.